CA, Inc. (CA) Stake Reduced by Sii Investments Inc. WI

Sii Investments Inc. WI decreased its stake in CA, Inc. (NASDAQ:CA) by 16.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 7,908 shares of the technology company’s stock after selling 1,565 shares during the period. Sii Investments Inc. WI’s holdings in CA were worth $251,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State Street Corp raised its stake in CA by 2.3% in the first quarter. State Street Corp now owns 15,297,516 shares of the technology company’s stock worth $485,238,000 after buying an additional 343,822 shares during the last quarter. Bank of America Corp DE raised its stake in CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock worth $498,611,000 after buying an additional 154,092 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in CA during the first quarter worth $525,000. Schwab Charles Investment Management Inc. raised its stake in CA by 14.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,640,321 shares of the technology company’s stock worth $52,031,000 after buying an additional 206,713 shares during the last quarter. Finally, Lucus Advisors LLC purchased a new stake in CA during the first quarter worth $409,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

Shares of CA, Inc. (NASDAQ:CA) traded down 1.70% during trading on Thursday, hitting $35.19. 5,369,100 shares of the stock were exchanged. CA, Inc. has a one year low of $30.01 and a one year high of $35.82. The stock has a market cap of $14.70 billion, a PE ratio of 19.02 and a beta of 0.92. The stock’s 50 day moving average price is $31.93 and its 200 day moving average price is $32.09.

CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 11.04% and a net margin of 15.51%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. During the same period in the prior year, the company posted $0.60 EPS. CA’s quarterly revenue was up .3% on a year-over-year basis. Equities research analysts predict that CA, Inc. will post $2.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Thursday, May 25th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Tuesday, May 23rd. CA’s payout ratio is 55.14%.

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CA has been the topic of a number of recent research reports. Evercore ISI lowered shares of CA from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Tuesday, March 7th. Zacks Investment Research upgraded shares of CA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. DA Davidson lowered shares of CA from a “buy” rating to a “neutral” rating in a research note on Monday, April 10th. Finally, Piper Jaffray Companies increased their price target on shares of CA from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $35.25.

CA Company Profile

CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.

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